StockNews.com Begins Coverage on TransAct Technologies (NASDAQ:TACT)

Equities research analysts at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

TransAct Technologies Price Performance

Shares of NASDAQ:TACT opened at $4.01 on Friday. The stock has a market capitalization of $40.14 million, a P/E ratio of -20.05 and a beta of 1.73. The business has a 50-day moving average of $4.15 and a two-hundred day moving average of $4.12. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97.

Institutional Trading of TransAct Technologies

Several large investors have recently modified their holdings of TACT. Bard Associates Inc. raised its holdings in TransAct Technologies by 2.3% in the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after acquiring an additional 3,440 shares during the period. Essex Investment Management Co. LLC grew its position in shares of TransAct Technologies by 66.8% in the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after purchasing an additional 14,599 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in shares of TransAct Technologies by 2.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 11,700 shares during the period. Gabelli Funds LLC lifted its position in shares of TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Connors Investor Services Inc. boosted its stake in TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after purchasing an additional 9,999 shares during the period. 74.46% of the stock is owned by institutional investors.

TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.